MoneyRates Blog

Freddie Mac Bailout Not Expected to Effect Hurricane Relief

September 8, 2008
By MoneyRates team | Money-Rates Columnist

This weekend it was announced that the Treasury Department will take over the operations of mortgage companies Freddie Mac and Fannie Mae to prevent mortgage-backed securities from defaulting and provide more stability to the nation’s real estate market. This news followed by less than one week the hurricane assistance initiative aimed at homeowners in the [...]

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